Swiss National Bank lessened its stake in shares of Gildan Activewear Inc (NYSE:GIL) (TSE:GIL) by 0.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 865,900 shares of the textile maker’s stock after selling 2,700 shares during the quarter. Swiss National Bank’s holdings in Gildan Activewear were worth $27,997,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in GIL. Marathon Asset Management LLP acquired a new position in shares of Gildan Activewear during the 3rd quarter valued at $12,991,000. JPMorgan Chase & Co. lifted its position in shares of Gildan Activewear by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,913,265 shares of the textile maker’s stock valued at $121,819,000 after acquiring an additional 278,852 shares during the period. Daiwa Securities Group Inc. acquired a new position in shares of Gildan Activewear during the 4th quarter valued at $7,267,000. Davidson Investment Advisors lifted its position in shares of Gildan Activewear by 44.0% during the 3rd quarter. Davidson Investment Advisors now owns 361,173 shares of the textile maker’s stock valued at $11,297,000 after acquiring an additional 110,360 shares during the period. Finally, Great West Life Assurance Co. Can lifted its position in shares of Gildan Activewear by 73.1% during the 3rd quarter. Great West Life Assurance Co. Can now owns 187,670 shares of the textile maker’s stock valued at $5,839,000 after acquiring an additional 79,252 shares during the period. Institutional investors own 68.19% of the company’s stock.
Gildan Activewear Inc (GIL) opened at $30.85 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.72 and a current ratio of 5.13. Gildan Activewear Inc has a 1-year low of $24.67 and a 1-year high of $34.19. The firm has a market cap of $6,768.95, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 1.23 and a beta of 0.79.
Several research analysts have weighed in on the stock. ValuEngine upgraded shares of Gildan Activewear from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Stifel Nicolaus set a $37.00 price objective on shares of Gildan Activewear and gave the stock a “buy” rating in a report on Friday, December 15th. Goldman Sachs Group restated a “buy” rating and set a $37.00 price objective on shares of Gildan Activewear in a report on Friday, December 8th. Bank of America restated a “buy” rating and set a $37.00 price objective on shares of Gildan Activewear in a report on Friday, December 8th. Finally, Zacks Investment Research upgraded shares of Gildan Activewear from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a report on Friday, October 27th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Gildan Activewear presently has an average rating of “Hold” and a consensus price target of $34.13.
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Gildan Activewear Profile
Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The Company operates through two segments: Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, markets, and distributes undecorated activewear products.
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